9 days on rocket

505 Forest St, Martinsville, VA, 24112

$149,900

Home List Price

$1,780*

Closing Credit

2 Bedrooms
1 Full Bath
1,052 SqFt
$142/SqFt
House
Schools Nearby

Location

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505 Forest St, Martinsville$149,900

Buyer Closing Credits

$1,780*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingNot Applicable, N/A
Year BuiltNew Const., 1936
HeatingHeat Pump
CoolingHeat Pump
BasementYes
MLS #906987
Lot Size0.29 Acres
StatusActive

About 505 Forest St

This remodeled two bed, 1 bath cottage is awaiting it's next homeowner(s). If you've been looking for a move in ready home close to the city--look no further! The living room provides lots of natural light that gleams off the new driftwood gray LVP floors. The electric logs provide cozy ambiance on these cool spring evenings. Save on electricity with the new double pane windows. The living room is open to the dining room which is the center of the home and opens up to the kitchen where beauty abounds with light, neutral colors and stainless steel finishes. The beautiful white/gray hexagon tile back splash will catch your eyes and the large farmhouse sink has plenty of room for dishes on nights you cook a big meal.

Property Details

Property Features

Property Information:

  • Architectural Style: Cottage
  • Year Built: 1936
  • Living Area: 1,052 SqFt

Listing Office:

  • Office Name: THE SPENCER GROUP REAL ESTATE AND AUCTION

Interior Features

Interior Information:

  • Appliances: Dryer, Washer, Electric Range, Refrigerator
  • Basement: Yes
  • Flooring Type: Laminate, Tile - i.e. ceramic, Vinyl

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Exterior: Covered Porch

Parking Information:

  • Parking: Not Applicable, N/A

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.29 Acres

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Heat Pump

School Info

Assigned Schools Information:

  • Martinsville High School, Public District Grades 9-12
  • Martinsville Middle School, Public District Grades 6-8
  • Albert Harris Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: From Starling Ave take a left onto Forest St. Home is on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $149,900
  • Price Per SqFt: $142/SqFt

Tax Information:

  • Annual Amount: $319
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Martinsville, VA.

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Martinsville, VA

City

Med. Sold Price

$162K

Med. Price/SqFt

$105

# of Sold Homes

5

505 Forest St vs Martinsville

9 DAYS ON ROCKET

$149,900

-$12.1K Less

$142/SqFt

+$37 More

KEY TAKEAWAY

This property is $12.1K less than the Median Sold Price and $37/SqFt more than other homes in Martinsville, VA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #906987

Listing Office:

  • Office Name: THE SPENCER GROUP REAL ESTATE AND AUCTION

IDXAlthough the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes.

All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this web site may only use this listing data for their personal, non-commercial benefit. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The unauthorized retrieval or use of this listing data is prohibited.

All information is deemed reliable but not guaranteed, and should be independently verified. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/4/2024, 5:20:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 06, 2018Home Sold
$26,500

Tax History

YEARPROP. TAXASSESSMENT
2021$319$30,000
2020 - $30,000
2018$377$36,100
2017$1,969$36,100

History based on county public records data.

Payment Calculator

$816

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$516

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-6087666
3
/10

  • Albert Harris Elementary School

  • 710 Smith St

  • 1.43 miles

  • Public District Grades KG-5

Middle School

school-card-donut-6087667
5
/10

  • Martinsville Middle School

  • 201 Brown St

  • 0.76 miles

  • Public District Grades 6-8

High School

school-card-donut-6087668
4
/10

  • Martinsville High School

  • 351 Commonwealth Blvd E

  • 1.31 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $22,424. Residents of Martinsville, VA typically earn less than $35k each year. Typical family type is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 505 Forest St

What is the listing price of this property?

The listing price of 505 Forest St property is $149,900.

What type of property is this?

The property 505 Forest St is a house located in Martinsville, Virginia, 24112.

Is this property for sale now?

Active Listing: 505 Forest St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 505 Forest St are:
Albert Harris Elementary School: GreatSchools Rating 3/10
Martinsville Middle School: GreatSchools Rating 5/10
Martinsville High School: GreatSchools Rating 4/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $319 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on July 6, 2018 for $26,500. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 505 Forest St has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 505 Forest St is 1,052 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 505 Forest St is 1936.

Rocket Homes›Virginia›Martinsville›24112›505 Forest St

This home is located at 505 Forest St in Martinsville, VA and zip code 24112. This 1,052 square foot home, which was built in 1936, sits on a 0.29 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since April 25, 2024 and is currently priced at $149,900.

In April 2024, from all listings sold in Martinsville, VA there were more than 2 sold above asking price, over 2 sold below and more than 1 were sold right at the asked price. The inventory of homes for sale in Martinsville, VA between March 2024 and April 2024 increased by 55.6%.

From Rocket Homes Real Estate and based on county public records data.

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